Fair Value Measurements and Fair Value of Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Carrying Values and Fair Values of Financial Instruments

The following tables display the carrying values and fair values of financial instruments.

		As of June 30, 2022						As of December 31, 2021
Assets on the Consolidated Balance Sheets		Carrying Value		Unrealized Losses		Fair Value		Carrying Value		Unrealized Losses		Fair Value
Cash and cash equivalents	Level 1	$	255,008	$	-	$	255,008		430,841	$	-	$	430,841
Restricted cash	Level 1		8,155		-		8,155		1,763		-		1,763
Total		$	263,163	$	-	$	263,163	$	432,604	$	-	$	432,604

		As of June 30, 2022				As of December 31, 2021
Liabilities on the Consolidated Balance Sheets		Carrying Value		Fair Value		Carrying Value		Fair Value
Acquisition earnout payment	Level 3		5,230		5,230		5,230		5,230
Total liabilities		$	5,230	$	5,230	$	5,230	$	5,230

Schedule of Changes In Fair Value of Liabilities

The changes in the fair value of the Company's Level 3 liabilities for the six months ended June 30, 2022 and year ended December 31, 2021 are as follows.

	As of
	June 30, 2022		December 31, 2021
Balance at beginning of period	$	5,230	$	-
Fair value of acquisition earnout payment		-		5,230
Balance at end of period	$	5,230	$	5,230

Schedule of Earnout of Measurement

The fair value of the earnout payment is measured on a recurring basis at each reporting date. The following inputs and assumptions were used in the Monte Carlo simulation model to estimate the fair value of the earnout payment as of June 30, 2022 and December 31, 2021. The change in fair value was immaterial, thus, no change to the fair value of the earnout payment was recorded as of June 30, 2022. See Note 13 for more information regarding the earnout payment.

	As of
	June 30, 2022			December 31, 2021
Discount Rate		8.30	%		3.50	%
Volatility		45.00	%		24.80	%